Funding arb · Price arb /

JUP

all JUP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%

Price spread now: Bitget against ApeX Omni−0.068%7-day average −0.070% · you buy dearer than you sell

Net, funding: paid 7d − costs−$68as in the Funding arb table

Net, price: spread back to 7d avg − costs−$65as in the Price arb table

costs, in and out, $10k−$650.655% of the position

Long on ApeX Omni Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 7 days−0.027%−$3 on $10k

Price spread, last 4 days (all we have)−0.198%−$20 · spread now −0.068%, 7d avg −0.070%

Together, before fees−0.225%−$22 on $10k · with fees, hour by hour

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	ApeX Omni JUPUSDT	0.2934	0.0100	pay 0.0013% / 1h	47m 00s	$156K	$265K	50x
Short	Bitget JUPUSDT	0.2932	0.0100	get 0.0050% / 4h	47m 00s	$5.7M	$5.8M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget against ApeX Omni. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

click an exchange to add or hide it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee ApeX OmnibpFee BitgetbpOrdersPrice spread, now −0.068%Rate

Funding earned: $0
Price spread: −0.068% → −0.070%: $0.17
Slippage, 4 orders: −$43.46
Fee ApeX Omni: 5 bp × 2 orders: −$10
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$65.29
Costs to cover: 0.655%
Break-even: never at this rate

Slippage from ApeX Omni: live order book, 10 min ago; Bitget: live order book, 1 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy ApeX Omni live order book, 10 min ago	10.14 bp	18.9 bp −$19	100.9 bp −$1,009	doesn't fit	doesn't fit
Sell Bitget live order book, 1 min ago	5.11 bp	15.0 bp −$15	32.7 bp −$327	doesn't fit	doesn't fit

JUP on 36 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Injective JUP/USDC PERP	−0.4661%	1h	0.2910	−0.818%	$3K	$206K	5.5x	as long as short
GMX JUP/USD [WBTC.b-USDC]	L −0.0275% / S +0.0618%	1h	0.2934	−0.005%	$16K	—	100x	as long as short
Pacifica JUP	−0.0125%	1h	0.2933	−0.031%	$279K	$147K	10x	as long as short
Deribit JUP_USDC-PERPETUAL	0.0000%	1h	0.2933	−0.044%	$54K	$16K	10x	as long as short
gTrade (Gains Network) JUP/USD	L +0.0001% / S −0.0001%	1h	0.2934	−0.010%	—	—	150x	as long as short
dYdX JUP-USD	+0.0001%	1h	0.2932	−0.052%	$38K	$26K	5x	as long as short
Reya JUPRUSDPERP	+0.0057%	1h	0.2932	−0.059%	—	—	20x	as long as short
01 Exchange JUPUSD	+0.0072%	1h	0.2937	+0.089%	$26K	$19K	5x	as long as short
Lighter JUP	+0.0096%	1h	0.2934	−0.003%	$776K	$1.0M	10x	as long as short
Kraken Futures PF_JUPUSD	+0.0096%	1h	0.2933	−0.042%	$586K	$489K	20x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Paradex JUP-USD-PERP	+0.0098%	8h	0.2934	−0.014%	$9K	$11K	10x	as long as short
Nado JUP-PERP	+0.0100%	1h	0.2933	−0.043%	$592K	$501K	10x	as long as short
Hyperliquid JUP	+0.0100%	1h	0.2936	+0.082%	$18.6M	$9.5M	10x	as long as short
Aster JUPUSDT	+0.0100%	4h	0.2932	−0.055%	$108K	$292K	10x	as long as short
Binance JUPUSDT	+0.0100%	4h	0.2932	−0.068%	$16.1M	$42.4M	75x	as long as short
Bybit JUPUSDT	+0.0100%	4h	0.2928	−0.198%	$15.7M	$18.9M	50x	as long as short
OKX JUP-USDT-SWAP	+0.0100%	4h	0.2930	−0.136%	$4.0M	$12.0M	50x	as long as short
Bulk JUP-USD	+0.0100%	1h	0.2957	+0.784%	$62K	$8K	10x	as long as short
Gate JUP_USDT	+0.0100%	4h	0.2933	−0.034%	$727K	$1.4M	75x	as long as short
MEXC JUP_USDT	+0.0100%	4h	0.2933	−0.034%	$7.2M	$6.4M	200x	as long as short
KuCoin JUPUSDTM	+0.0100%	4h	0.2932	−0.068%	$4.0M	$6.7M	50x	as long as short
Bitget JUPUSDTshort	+0.0100%	4h	0.2932	−0.068%	$5.7M	$5.8M	75x
BingX JUP-USDT	+0.0100%	4h	0.2931	−0.102%	—	$20.7M	—	as long as short
Backpack JUP_USDC_PERP	+0.0100%	1h	0.2933	−0.027%	$973K	$241K	10x	as long as short
Variational Omni JUP	+0.0100%	4h	0.2933	−0.035%	$717K	$693K	—	as long as short
GRVT JUP_USDT_Perp	+0.0100%	4h	0.2933	−0.034%	$1.6M	$3.8M	10x	as long as short
ApeX Omni JUPUSDTlong	+0.0100%	1h	0.2934	long leg	$156K	$265K	50x
Polymarket Perps JUP-USD	+0.0100%	1h	0.2938	+0.136%	$92K	$104K	10x	as long as short
Orderly PERP_JUP_USDC	+0.0100%	4h	0.2932	−0.068%	$31K	$42K	10x	as long as short
HTX JUP-USDT	+0.0100%	4h	0.2926	−0.273%	$110K	$49K	20x	as long as short
Phemex JUPUSDT	+0.0100%	4h	0.2937	+0.102%	$2.9M	$3.2M	50x	as long as short
Aevo JUP-PERP	+0.0104%	1h	0.2928	−0.187%	$40K	—	3x	as long as short
Coinbase International JUP-PERP-INTX	+0.0208%	1h	0.2940	+0.222%	$74K	$49K	50x	as long as short
Phoenix JUP	+0.0271%	1h	0.2934	−0.007%	$98K	$304K	10x	as long as short
BloFin JUP-USDT	+0.0340%	4h	0.2932	−0.068%	$842K	$380K	50x	as long as short
Extended JUP-USD	+0.0368%	1h	0.2930	−0.137%	$2.2M	$502K	25x	as long as short